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GCM Mining Announces Updated Mineral Resource Estimate and Positive Preliminary Economic Assessment for Its Toroparu Project in Guy

Blackbird Critical Metals Corp.
  • Updated Mineral Resource Estimate of 8.4 Mozs Measured and Indicated Gold Resource at 1.42 g/t and 396 Mlbs Measured and Indicated Copper Resource at 0.1% in 185 million tonnes of rock
  • Preliminary Economic Assessment estimates:
    • 280,000 ozs of gold production in the first year of operation in 2024;
    • 5.4 Mozs of gold, 2.5 Mozs of silver and 141.3 Mlbs of copper produced over a 24-year mine life;
    • US$8.0 billion total revenue, US$3.5 billion operating margin and US$1.7 billion after-tax Free Cash Flow at a US$1,500/oz gold price; and,
    • After-tax net present value (5%) of US$794 million with an after-tax IRR of 46% and two-year payback.
  • Initial US$355 Million capex to construct the Toroparu Project is fully funded.

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